TITLE 30

CORPORATIONS

CHAPTER 19

SUCCESSOR CORPORATION ASBESTOS-RELATED LIABILITY FAIRNESS ACT

30-1903.  Applicability. (1)  The limitations in section 30-1904, Idaho Code, shall apply to any successor corporation.

(2)  The limitations of section 30-1904, Idaho Code, shall not apply to:

(a)  Worker’s compensation benefits paid by, or on behalf of, an employer to an employee under the provisions of title 72, Idaho Code, or a comparable worker’s compensation law of another jurisdiction;

(b)  Any claim against a corporation that does not constitute a successor asbestos-related liability;

(c)  Any obligation under the national labor relations act, 29 U.S.C. section 151 et seq., as amended, or under any collective bargaining agreement; or

(d)  A successor that, after a merger or consolidation, continued in the business of mining asbestos or in the business of selling or distributing asbestos fibers or in the business of manufacturing, distributing, removing, or installing asbestos-containing products that were the same as those products previously manufactured, distributed, removed, or installed by the transferor.

History:

[30-1903, added 2012, ch. 193, sec. 1, p. 521.]